ICBC provides $41.97 million loan to Ceylon Electricity Board for unspecified purposes

$41.97M USD

Funder	Industrial and Commercial Bank of China (ICBC)
Recipient Organization	Ceylon Electricity Board
Country	Sri Lanka
Start Date	Jul 02, 2019
End Date	Apr 19, 2032
Duration	4,675 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`96038`

Grant Description

ICBC provides $41.97 million loan to Ceylon Electricity Board for unspecified purposes On July 2, 2019, ICBC issued a $41.97 million loan to Ceylon Electricity Board — a Sri Lankan state-owned enterprise — for unspecified purposes. The loan’s final maturity date is April 23, 2026.

Its outstanding amount was $26.53 million as of December 31, 2021, $26.53 million as of December 31, 2022, and $26.53 million as of December 31, 2023.

📚 Sources & References

FINANCIAL STATEMENTS OF THE GOVERNMENT FOR THE YEAR ENDED 31ST DECEMBER 2021, 2015 Annual Report Ministry of Finance Sri Lanka
Unaudited 2022 financial statements of the Ceylon Electricity Board
Unaudited 2023 financial statement of Ceylon Electricity Board Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.